Meme Coins
Home” Meme Coins” CHILLGUY developer Philip Banks’ account perhaps jeopardized, approving IP rights to token group
by
Estefano Gomez
Dec. 12, 2024
CHILLGUY token sees 30% rise following unforeseen tweet, however reports of jeopardized account stimulate confusion.
Picture: Phillip Banks
Secret Takeaways
- Philip Banks’ account might have been jeopardized after an unanticipated tweet revealing IP rights to the ChillGuy token group.
- ChillGuy token risen by 30% after the tweet, however all gains were removed as speculation over the jeopardized account grew.
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Speculation has actually emerged that the CHILLGUY developer, Philip Banks, might have had his account jeopardized after an unforeseen tweet that revealed the giving of copyright (IP) rights to the CHILLGUY token group.
The tweet, supposedly published by Banks, specified, “ I ve chose to supply licensing and IP rights to the CHILLGUY token and group,”.
Doubts quickly developed when Banks’ account ended up being connected to the launch of a brand-new meme coin including another of his characters, Philb, on Pump.fun.
The brand-new coin rapidly acquired traction, reaching a $1 million market cap before disposing entirely. This raised suspicions that Banks’ account might have been hacked or jeopardized, resulting in the uncommon statement about IP rights.
The CHILLGUY authorities X neighborhood account likewise revealed confusion, specifying,
We were taken by surprise by a tweet on the page of @PhillipBankss tonight revealing that he has actually given licensing and IP rights. We continue to look for information. Constantly remain safe and do not send out funds to solicitations without appropriate diligence.”
These occasions have actually fanned to the growing issues over the security of Banks’ account.
The abrupt shift in Banks’ position– at first revealing his intent to provide takedowns for unapproved usages of the CHILLGUY character, followed by approving IP rights to the token group—– has actually puzzled lots of.
Regardless of the debate, the CHILLGUY token at first risen by 30% following the statement of IP rights, however quickly eliminated its gains.
The token ended up being viral in November after TikTok videos acquired enormous attention, pressing it to a peak market cap of over $700 million.
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